Hailshmoe, while you were bashing in October, I was buying. Not that anyone cares, but I bought my core position below $3.5. Took a little off the table between $4.70 and $5.27, and have hedged the rest of my profits. I purchased and financed my puts by selling some calls. Folks, Hailstorm reminds me of that kid in school who would ask the teacher if there was homework on a Friday afternoon before the last bell.
Post by Hailstorm
Synta looks really cheap at $3.08! 7-Oct-11 10:03 pm
Just like Synta looked really cheap at $6.08 in January.
Just like Synta looked really cheap at $5.08 in March.
Just like Synta looked really cheap at $4.08 in September.
But, if you aren't much for pattern recognition, then now is your chance!
Next month's post: Synta looks really cheap at $2.08!
Post by Hailstorm
About 4 weeks until the quarterly con call 6-Oct-11 07:23 am
If the upcoming quarterly earnings and conference call is the same boring affair it has always been these last couple of years, then don't stand near the exit doors, or you'll be bowled over by the stampede of people looking to get out.
With no partnership, Synta could be testing $2 a share in November...
Going back on record to say that this will slide back down to at least the $3.08 low, minus an additional 15% to account for the dilution. The only question is whether or not it happens in time to get me my ten bagger...
I think we already have our next president. The economy is growing, unemployment is dropping, I expect to see that continue throughout the year leading up to the election.
This is typical for a party gunning for re-election. Hold off on improving things until the election year, then by election time, all previous sins will have been forgotten.
Geez, except for Synta, I have more in common with Hailstorm than I thought. If the US debt problem is not tackled by the next President, the US will be in very sad shape. At the end of the day, lenders (China) will want a premium for crappy debt. For now, interest rates are being manipulated by the Fed, but when the music stops, it will be nasty. Gold and silver are lost on me. I would rather own commodities that people really need.
This will be done with $5 a gallon a gas and debt-to-GDP ratio over 100%, will it? And when exactly is the Fed going to start removing zeroes? The government can't kickstart the economy without jacking up the debt, and the government can't pay back the debt without tanking the economy.
Gold is not an asset. Gold is MONEY. Gold is the ONLY money that doesn't rely on promises backed by an ever weakening foundation of lies. If you're willing to trust that the lies will hold through the rest of your lifetime, that's your business. I don't trust that it will anymore than I trust Safi.
Hail, these metals are a little yesterday if you ask me. All this allegedly printing is just fed giving banks some extra zeroes in their holdings from time to time. If economy pushes foreward stocks will yield more than gold, and extra liqidity follows this path. When fed removes the zeros banks will have to sell assets, and my guess is that gold goes out first. Low dollar is unsustainable in a recovering economy as it will make further recovery impossible due to expensive fuel. So my bet goes to dollar strength going forewards.